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CEO of Largest US Crypto Exchange Stuns with $1 Million Bitcoin Price Prediction
GameFi Guides

CEO of Largest US Crypto Exchange Stuns with $1 Million Bitcoin Price Prediction

by admin August 21, 2025


  • Main catalysts  
  • Other $1 million predictions

Brian Armstrong, chief executive officer at American cryptocurrency exchange behemoth Coinbase, has predicted that the price of Bitcoin could potentially reach $1 million. 

Armstrong sees the largest cryptocurrency achieving this milestone by 2030. 

Main catalysts  

“We are starting to see regulatory clarity emerge in the US, which I think is a bellwether for the rest of the G20,” he said. 

The GENIUS Act, which establishes a clear regulatory framework for stablecoins, was signed into law earlier this summer in the U.S.

Armstrong is hopeful that key market structure legislation will also be passed this year, which he believes would be a significant milestone. 

He has emphasized that the lack of regulatory clarity is holding back institutions from allocating a bigger portion of their funds to Bitcoin. 

The billionaire also recalled that it would be “crazy” for someone to suggest a few years ago that the U.S. would hold Bitcoin as part of its official strategic reserve. However, this is the reality now. 

As reported by U.Today, Treasury Secretary Scott Bessent recently stated that the U.S. would not be buying more Bitcoin on top of the forfeited coins, but he then backtracked on this statement within the same day. 

Armstrong has added that Coinbase provides services to a total of 240 government entities. “Govermemts are now getting more and more engaged in this,” he stressed. 

The risk of governments shutting down Bitcoin has been “severely diminished,” Armstrong said. 

Other $1 million predictions

Armstrong is not the only crypto luminary who has predicted that Bitcoin could potentially surpass the much-coveted $1 million milestone. 

In May, Binance co-founder Changpeng Zhao forecasted that the flagship coin could reach seven figures during the current cycle. 

As reported by U.Today, Galaxy CEO Mike Novogratz also sees Bitcoin hitting $1 million, potentially surpassing the market cap of gold, if the U.S. keeps printing money. 



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There’s ‘No Question In The World’ Bitcoin Will Be Worth $1M: Eric Trump
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There’s ‘No Question In The World’ Bitcoin Will Be Worth $1M: Eric Trump

by admin August 21, 2025



JACKSON HOLE, Wyo. — U.S. President Donald Trump’s son, Eric Trump, is convinced bitcoin

will eventually be worth over $1 million.

Trump, who co-founded bitcoin mining company American Bitcoin earlier this year, reiterated his excitement for bitcoin during an appearance at the SALT conference in Jackson Hole on Wednesday.

He even called himself a “bitcoin maxi.”

The businessman and executive vice president of the Trump organization said he now spends over 50% of his time on crypto projects.

He said he believes that the crypto asset will be worth $175,000 a token by the end of the year, sticking with his earlier prediction.

Trump told several personal stories pointing out what he described as the flaws of the current financial system and how bitcoin and blockchain technology can solve those issues, including faster transactions and payment settlements.

American Bitcoin, which merged with Eric and his brother Donald Trump Jr-owned American Data Center in March, is expected to go public on Nasdaq via a merger with Gryphon Digital Mining (GRYP).

The brothers own 20% of the company while bitcoin miner Hut 8 holds the remaining 80%.

Trump’s comments came hours after Coinbase CEO Brian Armstrong made a similar prediction.

Join the crypto policy conversation Sept. 10 in D.C. — Register now for CoinDesk: Policy & Regulation.



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Will Bitcoin Beat Every Asset Class? Bitwise Says Institutions Are Taking Notice
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Will Bitcoin Beat Every Asset Class? Bitwise Says Institutions Are Taking Notice

by admin August 21, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin’s role in institutional portfolios is continuing to evolve, with new research from Bitwise Asset Management suggesting the asset could become the strongest-performing major investment class in the years ahead.

According to a preview of the firm’s forthcoming Long-Term Capital Market Assumptions (LTCMAs), Bitwise expects Bitcoin to deliver an average compound annual growth rate (CAGR) of 28% over the next 10 years while experiencing gradually declining volatility.

The report, authored by Matt Hougan, Chief Investment Officer at Bitwise, frames Bitcoin not as an opportunistic play but as a maturing asset that is increasingly being considered a core portfolio component.

Hougan noted that the launch and adoption of spot Bitcoin exchange-traded funds (ETFs) in 2024 marked a turning point, prompting large investment platforms and allocators to begin requesting long-term models for Bitcoin alongside traditional assets such as stocks, bonds, and real estate.

Growing Institutional Interest in Bitcoin

Hougan explained that long-term capital market assumptions serve as the foundation for how major financial institutions design portfolios. Each year, firms like JPMorgan and BlackRock release detailed outlooks that guide asset allocation strategies.

For the first time in 2025, professional investors have begun requesting that Bitcoin be included in these frameworks, with Bitwise reporting 12 such inquiries this year compared to none in previous years.

“The fact that they’re now asking for long-term capital market assumptions means that they’ve shifted their view: It’s no longer a one-off for the fringes of the portfolio; it’s starting to be considered for the core,” Hougan said in the memo.

He attributed this change to greater accessibility through regulated ETFs and approval by large account platforms managing trillions in client assets.

Bitwise also emphasized that Bitcoin’s path toward institutional recognition has been gradual, requiring both regulatory clarity and infrastructure improvements.

The launch of spot ETFs in January 2024 created a new on-ramp for traditional allocators, and subsequent approvals across national platforms have since accelerated the process. Hougan described the transition as occurring “brick by brick,” as Bitcoin gains a foothold in professional investment strategies.

Outlook for the Next Decade

Looking ahead, Bitwise forecasts that BTC will not only outperform but stand apart from traditional assets in terms of expected returns. The firm projects a 28.3% CAGR over the next decade, significantly higher than the long-term expectations placed on equities, bonds, and private credit by leading Wall Street institutions.

Bitwise Bitcoin projection against other assets. | Source: BitwiseInvestments.com

At the same time, while volatility is expected to remain elevated relative to other asset classes, Bitwise anticipates a steady decline as market depth expands and liquidity continues to improve.

The implications of such a forecast extend beyond performance projections. A consistent inclusion of BTC in LTCMAs could formalize its role in balanced portfolios, shaping how pensions, endowments, and wealth managers approach diversification.

Hougan cautioned that while risks remain, the framework is designed to give professional allocators a basis for strategic decision-making rather than a speculative outlook.

BTC price is moving downwards on the 2-hour chart. Source: BTC/USDT on TradingView.com

Featured image created with DALL-E, Chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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GameFi Guides

Nasdaq Boots Windtree a Month After $700M BNB Treasury Pivot Fails to Lift Stock

by admin August 21, 2025



In brief

  • Windtree confirmed its shares will be suspended from Nasdaq trading on Thursday for failing to meet the $1 minimum bid price.
  • Last month, it said it had committed to buy up to $700 million in Binance’s BNB token.
  • Struggling firms pivoting into crypto treasuries may lack substance beyond the narrative, Decrypt was told.

Windtree Therapeutics, a Pennsylvania-based drug developer, is being delisted from Nasdaq, just over a month after its $700 million pivot into a digital treasury firm focused on Binance’s BNB token failed to boost its stock above the exchange’s requirements.

In an SEC filing published Tuesday, Windtree confirmed trading of its stock on Nasdaq would be suspended at the open on Thursday, August 21, for failing to maintain the $1-per-share minimum bid price. Windtree shares are down 77% on the day to just $0.11.

Windtree listed its stock on Nasdaq in May 2020 but has repeatedly struggled to meet listing standards.



The exchange moved to suspend Windtree’s shares after several bid-price violations since at least June 2022, with its third and most recent deficiency warning handed down in December last year, according to a 2023  SEC filing listed by the drug developer.

Windtree and Nasdaq did not immediately return Decrypt’s request for comment.

Late last month, Windtree announced that it would commit and buy up to $700 million in Binance’s BNB token, just a day after that crypto hit a new all-time high.

While Windtree briefly regained its compliance earlier in March this year, it later lost course as a turbulent pullback in the crypto market began rolling over the past week.

Several publicly-listed treasury companies‘ shares have been diving or slowing in lockstep, including stock from KindlyMD, SharpLink, Coinbase, and Strategy, which hit a 4-month low on Wednesday amid a broader crypto stock slump.

As a result of the suspension, the company is moving to the over-the-counter market under the same ticker, WINT. Unlike Nasdaq, which imposes strict listing standards such as minimum bid prices and equity thresholds, OTC venues operate with looser requirements and typically provide less liquidity and visibility.

“Distressed firms face a structural mismatch with DAT models,” Ryan Yoon, senior analyst at Tiger Research, told Decrypt. “While they may initially raise funds despite lacking credibility, subsequent capital raises become increasingly difficult as market skepticism grows.” 

Digital asset treasuries rely on “premium-based funding, but struggling companies can’t sustain NAV premiums long-term,” Yoon said.

Net asset value, or NAV, is the total value of a company’s assets minus its liabilities, expressed on a per-share basis. It shows whether a company’s stock price is higher or lower than the value of its total assets, including those that aren’t from digital assets.

“This creates a reverse flywheel during market downturns: asset decline → forced liquidation → further decline,” Yoon explained.

For one, Yoon points to Michael Saylor’s Strategy as having a “powerful narrative in crypto markets” that has created “a template that struggling public companies attempt to replicate.”

Yet “unlike established DAT firms with operational frameworks,” financially struggling companies suddenly pivoting to become digital asset treasury firms “typically lack substance beyond the narrative itself,” Yoon said.

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XRP holds $2.80 support as bullish retest signals potential new highs
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XRP holds $2.80 support as bullish retest signals potential new highs

by admin August 21, 2025



XRP has retraced into the $2.80 support zone, a level reinforced by the 50-day moving average and value area high. Strong bullish volume suggests the current retest could pave the way for another push toward record highs.

Summary

  • $2.80 support aligns with 50-day MA and value area high.
  • Current bounce indicates a bullish retest of structural support.
  • Above-average bullish volume confirms demand, supporting potential breakout to new highs.

The significance of $2.80 cannot be understated for Ripple (XRP). Not only is it a high-time frame support, but it also represents a zone of heavy traded volume. This overlap of structural support and value area positioning makes the level a prime candidate for accumulation.

Key technical points:

  • $2.80 High-Time Frame Support: Reinforced by the 50-day moving average and the value area high.
  • Bullish Retest in Play: Current price action shows resilience, maintaining higher highs and higher lows.
  • Volume Confirmation: Above-average bullish volume signals strong demand and market interest.

XRPUSDT (1D) Chart, Source: TradingView

From a structural perspective, XRP continues to maintain its bullish trajectory. Since reclaiming the point of control earlier this year, the token has enjoyed a series of higher highs and higher lows, a textbook indicator of bullish momentum. The present bounce off $2.80 highlights that the broader trend remains intact despite short-term corrections.

The role of volume at this stage is particularly important. Healthy bullish volume has been observed as price consolidates above the $2.80 mark, indicating that buyers are active and committed at this level. Sustained volume inflows suggest that the correction was less about a breakdown in market structure and more about a technical retest of support. This makes the bounce even more convincing for traders watching closely.

It is worth noting that XRP does not need to immediately break higher from current levels to remain bullish. A period of consolidation above $2.80 would allow the market to establish a firmer base and potentially trap weak sellers before moving higher. Such sideways action is common in bullish markets and often precedes the next impulsive leg.

What to expect in the coming price action

As long as XRP continues to hold above $2.80 with multiple daily closes, the structure remains bullish. Sustained volume and market demand increase the probability of continuation, with a move beyond the swing high likely to open the door for new all-time highs. The current retest is a critical juncture, if buyers maintain control, XRP could soon enter its next phase of bullish expansion.



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Bitcoin Holds $113K Support, Can Btc Break Above $117.5K?
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Bitcoin Holds $113K Support, Can BTC Break Above $117.5K?

by admin August 21, 2025



The largest crypto asset by market capitalization, Bitcoin (BTC) is currently trading at $113,132 and showing resilience despite facing selling pressure in recent trading sessions.

The bulls are aggressively defending the price zone above $110,000, keeping the long-term view of a bullish movement as price action has formed a down-sloping channel pattern.

As the technical indicators point to the possible momentum and strong support areas hold, will investors witness a major price action in the price of BTC?

BTC ETF Shows Strength Despite Recent Outflows

With notable volatility in inflow and outflow of funds, the on-chain data shows a trend pattern. During the last month, Bitcoin experienced high purchase and intense selling activities especially during the close period of August where outflow peaked.

Despite recording 3 consecutive days of outflow, the overall net assets are at a high level of $146.18 billion, indicating confidence of long-term holders in the crypto market. Notably, trends of this nature are often recorded prior to large movements in price as the amount of liquidity in and out of the market shifts during this period.

Bitcoin Forms Strong Support At $112,000?

When looking at the chart from TradingView, Bitcoin moved within a dropping channel on the 4-hour time frame after it witnessed a major rejection around the $120,000 level. This type of structure hints at a short-term fix, but in the larger picture, it is considered bullish.

Overall, the structure suggests the favor of the accumulation, and traders impatiently wait for confirmation of a divergence of the trend to upside to start a sizable leg higher.

The MACD (Moving Average Convergence Divergence) is displaying indications of leveling off as it has approached the signal line, necessarily pointing to a possible change in the pace toward the positive side.

In the meantime, the volume of trades is going down and this can be the beginning of a good directional move. Exponential Moving Averages (EMA) are also showing positive setup to support the upward direction. If the rebound sustains enough to push price above 20-day EMA, a range bound action between the 20-day and 500-day EMA, which are currently at around $114,800 to $116,800 respectively.

Moreover, with the 50-day & 200-day trendlines showcasing a bullish convergence, the trend suggests a rising momentum.

Bitcoin Micro Cycle Risk, Source: Willy Woo/X

Despite dropping to $112,500 from a top of around $124,500, the Micro Cycle Risk (MCR) signal line is easing. This suggests that the investor’s liquidity is returning in the market. If this trend continues, the bitcoin price may record a potential upward price action shortly.

According to on-chain data from glassnode, over 20,000 BTC held for less than 155 days were sold at a loss in the past week, with loss-taking peaking on Tuesday with 23,520 BTC sent to exchanges. 

A move out of the channel and a successful retest at $117,500 would confirm the resumed bullish stance and an entry into $120,000 and potentially $124,500.

Considering the Bitcoin chart, the nearest support stands at $112,000. This price point plays an important role as historically the demand has constantly increased at this point.

Also Read: Crypto Market Structure Bill to Hit Trump’s Desk Before Year End

Disclaimer: The Crypto Times does not endorse or promote this digital asset in any manner. This article was created only for educational purposes. Make sure to “DYOR” as the market is highly volatile. New positions should be done by traders being careful and awaiting volume-backed breakouts.



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Bitcoin (BTC) Price Could Reach $1M by 2030, Coinbase (COIN) CEO Brian Armstrong Says
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Bitcoin (BTC) Price Could Reach $1M by 2030, Coinbase (COIN) CEO Brian Armstrong Says

by admin August 20, 2025



Coinbase CEO Brian Armstrong said that bitcoin

could hit $1 million per token by the end of the decade, adding his voice to a growing chorus of high-profile crypto advocates calling for explosive growth.

“I think we’ll see $1 million per bitcoin by 2030,” Armstrong said in a post on X this week while promoting his appearance on the Cheeky Pint podcast. The prediction is notable because Armstrong rarely offers public price targets.

He isn’t alone in expecting such a surge. Jack Dorsey, who ran X (formerly Twitter) until 2021 and co-founded payments firm Block (formerly Square), has also said bitcoin could reach $1 million by 2030 and likely move higher beyond that milestone.

Meanwhile, Cathie Wood’s Ark Invest revised its long-term outlook last month, raising its decade-end projection to as high as $3.8 million, citing increased institutional adoption as the main driver.

The optimism comes at a time when bitcoin has been setting records. The token is trading at $114,383, up 22% this year, after touching a new all-time high above $124,000 last week. The rally has strengthened arguments that bitcoin is consolidating its role as a hedge against inflation and an alternative to traditional safe-haven assets like gold.

Some investors see major moves happening sooner. Anthony Scaramucci, founder of SkyBridge Capital, said on CNBC on Aug. 19 that bitcoin could climb to between $180,000 and $200,000 within the next five months, adding that even that outlook may prove conservative.



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Shiba Inu
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Shiba Inu 699,000% Imbalance: What Happened To Trigger It?

by admin August 20, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Top meme coin Shiba Inu recorded a 699,000% liquidation imbalance as its price dropped sharply along with the broader crypto market. This has again sparked a bearish sentiment, with the bears looking to be in control. 

How the Shiba Inu 699,000% Imbalance Happened

Coinglass data showed that the Shiba 699,000% imbalance occurred due to the large disparity in the long and short positions that were liquidated in the space of one hour. This came as the SHIB price sharply dropped alongside the broader crypto market, led by Bitcoin, which declined to as low as $112,500 in the last 24 hours. 

The Shiba Inu price has dropped to as low as $0.00001206 during this period from an intraday high of $0.00001264, flushing a significant amount of long positions in the process. Further data from Coinglass shows that $425,230 in long positions have been wiped out in the 24-hour period, compared to just $11,230 in short positions. 

This development has sparked a bearish sentiment among Shiba Inu’s bulls, who appear to be waiting to see how things unfold before reentering the market. SHIB’s open interest is down over 4% in the last 24 hours, currently at $191.38 million. Meanwhile, the derivatives trading volume is also down 2%, currently at $177.46 million. 

However, a positive for Shiba Inu is that the long/short is at 1.0838, which indicates that more traders are currently long than short. This could spark a massive rebound when the market stabilizes. The crypto market is currently experiencing significant volatility ahead of Jerome Powell’s speech at the Jackson Hole Symposium on August 22. Investors await to see whether the Fed Chair will take a hawkish or dovish stance, with rate cuts in focus. 

SHIB Burns Skyrocket 2,196%

Shibburn data shows that Shiba Inu’s burns have skyrocketed 2196% in the last 24 hours, with 1.6 million SHIB burned during this period. However, the burns are down over 28% in the last seven days, with about 72 million tokens burned this period. Increase in burns is typically bullish for the meme coin, since it could spark a supply shock as demand increases. 

The 24-hour increase in Shiba Inu’s burns follows the SHIB Chainlink integration, which enables token burns to occur across multiple networks. Amid these developments, crypto analysts like Javon Marks remain bullish on SHIB’s trajectory. The analyst earlier this month predicted that the top meme coin could rally over 150% to reach $0.000032, which may just be the start of a larger reversal. 

Source: Javon Marks on X

At the time of writing, the Shiba Inu price is trading at around $0.00001226, down over 2% in the last 24 hours, according to data from CoinMarketCap.

SHIB trading at $0.000012 on the 1D chart | Source: SHIBUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Nvidia, Tesla Stocks on Tron: xStocks Expand After Hitting Trading Milestone

by admin August 20, 2025



In brief

  • xStocks, a feature which allows users to traded tokenized versions of companies like Nvidia, Apple, and Meta, is expanding to Tron.
  • The tokenized stocks are backed 1:1 with real shares in the underlying companies.
  • xStocks so far have generated more than $500 million in on-chain trading volume.

Tokenized versions of Tesla, Nvidia, Apple, and other major stocks are now available for trading on the Tron network thanks to a collaboration between the Tron DAO, Kraken, and Backed—the firm behind xStocks, which offers global investors access to tokenized equities. 

The feature’s expansion comes shortly after xStocks eclipsed more than $500 million in on-chain trading volume to date, according to data from its official Dune dashboard. 

“Expanding xStocks to Tron, a network that settles over $20 billion daily, will significantly boost brand visibility and adoption,” Kraken Global Head of Consumer Mark Greenberg told Decrypt. “More importantly, it brings us closer to a fully permissionless, borderless, and interoperable market where anyone can trade tokenized equities around the clock.”



Backed’s xStocks feature allows users to gain exposure to American equities via on-chain tokens that are 1:1 backed with actual shares in each respective company. Previously available to users on Solana and BNB Chain, and offered via centralized exchanges like Kraken, these tokens will now be available via TRC-20 tokens on Tron. 

“This collaboration highlights how Tron’s decentralized network can bring tokenized equities into a more open, transparent, and accessible environment,” said Tron founder Justin Sun, in a statement. 

“Tokenized equities represent a natural evolution for crypto, bridging traditional markets with blockchain,” he added. “As demand for popular equities meets a global base of previously excluded users, we’ll see a more efficient, flexible, and accessible market.”

To date, the network is arguably best known for its substantial stablecoin usage, which has grown by about $23 billion in the last year according to data from DefiLlama. The network holds $82.8 billion in stablecoins—primarily Tether’s USDT—trailing only Ethereum, which maintains $143 billion in stablecoins at the time of writing.

xStocks have generated more than $2.9 billion in volume between centralized exchanges and their decentralized counterparts, though the split falls heavily in favor of centralized exchanges which have accounted for more than 95% of the volume according to the official xStocks Dune dashboard. Over $500 million of that trading has taken place on-chain, per the dashboard.

The tokenized equities currently account for around $46.4 million in assets under management, more than 20% of which can be attributed to tokenized shares in Elon Musk’s Tesla (TSLA). 

As for bigger goals, Backed is focused on continuing to expand its xStocks product offering.

“Our priority is expanding the xStocks Alliance—bringing more partners, blockchains, and applications onboard as we deliver the gold standard in tokenized equities offerings,” Greenberg said. “That’s where the real growth happens.”

More features, chain integrations, and new offerings are expected in the coming weeks, he added. 

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Stargate price surges as Wormhole floats acquisition bid
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Stargate price surges as Wormhole floats acquisition bid

by admin August 20, 2025



Stargate price rose sharply as the Wormhole Foundation announced its intention to enter a bidding war for the cross-chain protocol.

Summary

  • Stargate price jumped by more than 10% amid news that Wormhole Foundation wants to acquire the cross-chain protocol.
  • LayerZero has bid $110 million for the protocol, but Wormhole feels this undervalues Stargate.

The price of Stargate (STG) jumped more than 10% to climb from lows of $0.1633 and hit $0.182 across crypto exchanges on Aug. 20.

STG, native to the cross-chain protocol Stargate, had dipped in the wake of the broader crypto downturn that saw top altcoins crash to support levels on Tuesday, Aug. 19.

However, as Bitcoin (BTC) bid to bounce above $114k and Ethereum (ETH) reclaimed the $4,300 level, Stargate’s price shot up. The double digit gains for STG however coincides with another development – a key announcement from the Wormhole Foundation.

Wormhole Foundation wants to acquire Stargate

Stargate has attracted the attention of Wormhole Foundation, the entity supporting the Wormhole (W) ecosystem. 

Specifically, it believes it can offer a better deal if it acquires Stargate instead of LayerZero (ZRO).

At the WF, we have respect for the @StargateFinance protocol, its team, and especially its holders. Stargate is a leader in multichain asset transfers. That’s why we’re stepping up with our intent to acquire Stargate – to ensure holders get the fair deal they deserve.

— Wormhole Foundation (@WormholeFdn) August 20, 2025

On Aug. 11, LayerZero outlined a bid to acquire Stargate, and on Aug.17, Stargate announced that a snapshot for the proposed acquisition was live.

Terms include a figure of $110 million, with all circulating STG set to be swapped for ZRO, a revenue-sharing model, and the transition of Stargate operations to the LayerZero Foundation.

Now, the Wormhole Foundation says Stargate should pause the snapshot and allow for a competitive bidding process that will offer a deal that reflects Stargate’s worth and growth potential.

LayerZero’s offer of $110 million in ZRO for about $76.47 million in stablecoins and $15.9 million in ETH, and the “permanent capture of all future protocol revenue,” is low for Stargate, the Wormhole Foundation contended.

“Treasury alone is ~$92M, excluding STG tokens, yet the proposed deal hands over assets and ongoing economic upside for only $110M in token consideration. It doesn’t create a compelling offer, which values Stargate’s ongoing business at an unreasonably low number,” they noted.

Stargate protocol growth

In requesting a pause to the snapshot, the platform said its request is because STG holders deserve to get a better deal.

“The current bid undervalues the protocol’s assets, brand, codebase, and team. We’re prepared to submit a meaningfully higher offer, and we believe a competitive process will drive even more value for everyone involved,” WF wrote.

Stargate’s snapshot vote was scheduled to end on August 24 at 00:15 a.m. GMT.

The STG token traded to highs of $4.28 in April 2022, but has struggled to hit these highs since. However, the Stargate protocol has experienced notable growth, with bridge volume up 10x since July 2024 and the protocol’s total value locked hitting $345 million.

Stargate has gone live across more than 80 chains.





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